Placeholder canvas

EU takes aim at Russia economy as Kiev plans Crimea pullout

Date:

European leaders were on Thursday to debate biting economic sanctions against Russia for its annexation of Crimea as Ukraine tore up key ties with the Kremlin and drew up plans to evacuate its nationals from the rebel peninsula.

The European Union is under intense pressure to find a credible response to an explosive security crisis on the 28-nation bloc’s eastern frontier that NATO chief Anders Fogh Rasmussen on Wednesday called “the gravest threat to European security and stability since the end of the Cold War.”

But the Kremlin has warned repeatedly that it would strike back hard if confronted with a new wave of Western punitive measures that EU nations — their energy and financial sectors intertwined with Russia’s — would keenly prefer to avoid.

German Chancellor Angela Merkel said EU leaders would widen the list of people targeted by travel bans and asset freezes and warned of economic sanctions if the crisis escalates.

The EU Council “will make clear that we are ready at any time to apply third-phase measures in the event of a further worsening of the situation,” she said, adding that “it will, without a doubt, be a question of economic sanctions.”

Russian President Vladimir Putin will also find himself on the diplomatic defensive in Moscow when he hosts United Nations Secretary-General Ban Ki-moon amid a chorus of global condemnation of his aggressive Ukrainian approach.

But world anger has done little to halt unchallenged Russian military advances that prompted Kiev’s new Western-backed government to acknowledge preparing a Crimean evacuation plan for thousands of its soldiers and families.

Tensions eased somewhat in the region on Thursday when acting president Oleksandr Turchynov announced the release by Crimean militias of Ukranian navy chief Sergiy Gayduk.

Turchynov had threatened the Crimean authorities with “an adequate response… of a technical and technological nature” unless they immediately released Gayduk and several others seized during the storming of Ukraine’s naval headquarters in the port of Sevastopol on Wednesday.

– Kiev severs ties –

But Ukrainian lawmakers still adopted an emotional if entirely symbolic declaration saying they “will never cease to fight for the liberation of Crimea as long and painful as this can be.”

The march by Russian troops and pro-Kremlin militias across the mostly Russian-speaking region roughly the size of Belgium has been unhalting since the day Putin first won the right to use force against his ex-Soviet neighbour following the February 22 fall there of a Moscow-backed regime.

Kiev’s untested leaders and their Western allies now fear that Putin has set his sights on the Russified southeastern swathes of Ukraine as part of his self-declared campaign to “protect” compatriots from the more nationalistic forces who rose to power on the back of three months of deadly protests in Kiev.

“Our major concern right now is whether he will go beyond Crimea, whether Russia will intervene in the eastern parts,” NATO chief Rasmussen also conceded on Wednesday.

Kiev has responded by seeking protection from Western powers and planning on Friday to sign the political portion of a broad EU Association Agreement whose rejection in November by Ukraine’s pro-Kremlin president Viktor Yanukovych sparked the protests that eventually led to his fall.

Ukraine on Wednesday also announced plans to withdraw from the Moscow-led Commonwealth of Independent States (CIS) alliance that replaced the Soviet Union and to slap visas on Russians who sought entry to their country.

– ‘Not if but when’ –

The Ukrainian authorities said they would further consider asking the United Nations to declare Crimea a “demilitarised zone” and thus force the removal of up to 25,000 Russian soldiers that could be based there under an existing agreement with Kiev.

The EU leaders have already suspended talks on easing visa requirement for Russian travellers into Europe — an issue that Moscow has lobbied for years — and slapped travel bans and asset freezes on 21 Russians and Ukrainians considered culpable for the Crimean swoop.

But the measures covered a much lower rank of officials than the punitive steps also announced on Monday by Washington against 11 Russians and Ukrainians.

Those covered Yanukovych and some key Putin allies who play a prominent and powerful daily role in politics.

Germany stepped up the pressure on Wednesday by announcing the suspension of a major arms deal with Moscow that signalled its commitment to a tougher stance.

But France said on Thursday it was pushing back a decision on whether to shelve its disputed sale of a second state-of-the-art Mistral warship to Russia until October, when the first one is due to be delivered.

The message from Washington has been more consistent and forceful.

“The question at this point is not if we will do more sanctions, it’s when,” State Department spokeswoman Jen Psaki said.

But Russia’s Deputy Foreign Minister Sergei Ryabkov warned that Moscow was preparing an entire series of “asymmetrical measures” should the United States hit his country with more severe steps.

Ryabkov said these covered “a number of areas of dialogue… that are important to the Americans” and hinted that Russia could “raise the stakes” in the ongoing Iranian nuclear talks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Hardik Pandya Wins Toss, MI Opt To Bowl First Against DC

New Delhi: Mumbai Indians skipper Hardik Pandya won the...

Two CRPF Personnel Killed, Two Injured in Suspected Insurgent Attack in Manipur

New Delhi: A suspected insurgent attack in Manipur's Bishnupur...

NewsMobile Morning Brief

Phase 2 of Lok Sabha Polls: 63% Voter Turnout...

IPL 2024: PBKS’s Bairstow, Shashank Shine In Record-Breaking 261-Run Chase Against KKR

The 138-run partnership between Narine and Salt was the 8th 100-plus opening stand for KKR in the IPL and the first since 105 between Narine and Lynn against RCB in Bengaluru back in 2017